Can I own group insurance for my entire house ?
Answers:
What kind of insurance are you chitchat about?
If this is vigour, yes you can have group or family circle health coverage (up to a indubitable age for children).
If this is life insurance, most companies will allow you to attach riders to your policy, that way everyone is covered. You want to avoid buying separate policies because respectively policy cost money (processing and underwriting).
If this is auto insurance, yes you can have group insurance.
Other Answers:
yes to be precise why its called group insurance
Yes u can hold group insurance for your family.
Actually this is not group insurance....u can enjoy a floater cover for ur family....this is what is prevelant within India....and it is much cheaper than group cover
Actually you are asking about group insurance but not specifying whether it is duration or non-life. Mediclaim Insurance of the whole home is actually easier within processing and cost atleast 10% lower than individual case. In energy Insurance you cannot cover whole of your ancestral under any plan. Life Insurance is truly a acontract between the insurer and the insured(customer). For further solution of your queries team up my group at tax_investment_group@yahoogrou...
Source(s):
CA , Financial Advisor
Possibly yes...if you have a family circle owned business and they are all working near, you could possibly get a small group policy. Some group insurance will be in motion as small as a pool of 4 people, most typically its 10 plus.
I assume you are conversation about form insurance.
In order to take a group health insurance plan you hold to establish the employee / employer relationship. Any company can capture a group health insurance for their human resources and their families. Most states require an clear enrollment period (typically within August) for groups of one. Groups of two or more can get a group plan anytime of the year. The corporation (or other entity) will hold to have be in existence for 6 months to 2 years depending on the haulier, 75% of the employees hold to enroll, the employer is required to pay 25-50% of the body premium.
Most agents will tell you that you entail 4 people. This is baloney. The truth is you necessitate 4 people to gain paid a commission. Commissions for 2-3 man groups are small, usually $2-3 per member of staff. Agents tell you that you inevitability 4 so that they get remunerated.
The biggest benefit of group sponsored insurance is that it is guaranteed issue (in most if not adjectives States). Individual and family insurance is cheaper. Most family are used to paying their group premiums after their employer has contributed 50% plus. COBRA rates are vitally the cost of the group insurance without the employer subsidy.
If you are nourishing and have no pre-existing conditions you will be better of beside a family policy.
Source(s):
Florida Medical and Health Insurance
http://www.getonlinequotes.com